Plastic Waste Sorting Equipment Market – Industry Analysis 2024 | TMR

Plastic waste sorting is a discipline associated with the proper control, storage, allocation, and processing of different type of plastic waste. The market for plastics is expected to witness demand from the various sectors including automotive, healthcare, defense, and energy industries etc. Apparently, market for plastic waste sorting equipment is foreseen to witness considerable growth during the forecast till 2024. The global market for plastic waste sorting equipment is anticipated to be driven from municipalities, recyclers, and government and private organizations. Furthermore, growing industrialization is anticipated to drive the plastic waste sorting equipment market, demanding novel processing equipment.

Depending on the type and material characteristics plastic waste is either directly processed on the site or else taken to the large recycling center. Different contemporary types of equipment are utilized based on the type of materials and dynamic processes incorporated in plastic sorting. Different treatment methods such as optical waste sorting, flotation waste sorting, and densitometry waste sorting, are incorporated in recycling and processing of different plastic types.

On the other hand, restraining factors such as the absence of required infrastructure for plastic segregation & waste collection and limited efforts in the direction of plastic waste management are anticipated to hinder the market growth. Furthermore, initial high capital investments and selection of suitable equipment are some factors that are expected to hamper the plastic waste sorting equipment market growth. Additionally, cost constraints associated with the cheap manufacturing of new plastic equipment in comparison to recycled ones and difficulties in supply chain management activities are anticipated to challenge market dynamics.

Plastic waste sorting equipment’s market can be segmented on the basis of sorting equipment, Based on sorting equipment, the market can be segregated into palletizer, extruder, label separator, vacuum sizing machine, and stretching machines.

Asia-Pacific market is anticipated to be the fastest growing market during forecast period till 2024 owing to the development of plastic waste processing and management policies and a shift in focus towards efficient recycling accomplishments. Additionally, North American and European country including the U.S. and the U.K. are anticipated to grow at a considerable pace in the plastic waste sorting equipment segment due to increasing administrative and environmental concerns regarding plastic waste management, ecological conservation operations.

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